REA Marketplace Open
 

These prices haven't been affected by the market :D

Seeing a lot of OC and MC cards.

I did, too - not surprising. There are some wicked pieces on there that you don't see everyday

There sure are a lot of Hindu back offerings with the T206.

I am trying to figure this out...so the seller lists X for sale
and what does REA get? Is there a hammer added to the sale
price or is it already counted in on the price of the card for sale
by the owner?

I think the listed price is the price paid by the buyer. In the email I received today, it says they are still offering an introductory 5% flat rate for a limited time which I think is coming from the seller.

Does the marketplace have a make an offer option as Heritage does? Some of these prices are bonkers.

Yes

Thanks, fellas!

Yes!
 

Yes they do. All items are in house but owned by individuals so when you send an offer on the site, it goes to the seller to decide if he/she wants to accept.

You have 3 tries at an offer.

I sent an offer today on a card. Awaiting response as I type.

Mike

They might be totally fine with it since they don’t need to hold the inventory nor is it their main service, but I could see this turning into another eBay museum.

Hope you enjoy the antiquities!

As long as the fee's do not get too out of hand (5% introductory now but what will they end up at?) I would definitely use this service in the future as a seller. And I really like the make an offer option.

While a some things seemed to be priced out of this world I would say the vast majority is priced within reality. When I took a look yesterday I saw at least a dozen pieces already marked as sold (I think all were under $4k items). I haven't looked into the terms but I wonder if REA will put a time limit on unsold listed items?

No Museum Prices
 

I've sold 3 items already. One was bought outright and two others were offers I accepted. I'm quite happy with the service being available.

I agree I can see it as an Ebay Museum

Some of those prices are alot higher than the current market will support but at least it has the offer options

The selection of the cards for their rollout is impressive

Am I missing something, or can you not get to their new marketplace from their Home page? The only way I could find it from their Home page was to click on The Auction at the top of the page then choose Bid Now. Then at the top of the window, I now see Marketplace to click on. Seems like there should be something on the Home page to make it easier to find.

That's the way I accessed the marketplace as well. I didn't see a link anywhere on the home page, which I thought was odd.

You can go straight to BID NOW and it will allow you to select MARKETPLACE.

Just offer what your willing to pay, and see what happens:)

Yes, that's what I said I did. Since it's not something that involves bidding, it isn't the most obvious place you would expect it to be located. Seems like they could do a better job of promoting it on their Home page since it's new, and if you weren't looking for it, you might never find it the way it is currently accessed.

BID NOW is on the home page - one less click. But I wholeheartedly agree with you; one would think it would be pushed on the front page. Methinks that this will get a whole bunch of new consignments for them. After a certain amount of time without selling, the consignor will tire of waiting and shoot it to the auction. Afterall, the piece is already in REA hands.

You're right, there is a Bid Now button on the Home page, but that's probably only there because there is currently an auction running. After it ends on Sunday, I would assume that will be gone. I'm not sure what will be available under The Auction option at the top. I guess we'll find out in a few days.

Greg, was it Bonehead or Rube that priced the three cards you sold? You have to figure, after seeing the prices of a lot of items in the venue, if you sold three already, then the price must have been a good deal for someone and will be pushed back to the venue at twice the price.

Just kidding. It's nice to hear that someone has been able to sell a few items through this portal. Good luck with the rest of your items (if you have any more for sale).

I put 24 pieces on, priced them at 105% of VCP average. Sold 4 within 24 hours with 3 at the listed price. Super easy as a seller without having to deal with any hassle. So as long as the fees don’t get too high, I will use for liquid items.

I think anything that offers people another option to buy or sell cards is a good addition to the hobby.

My suggestions are that you should be able to "watch" an item and that (like the auction) you should be able to see more than 100 lots per page (most other auction houses offer a 200, 250, or "all" option).

Bought a card on the marketplace today! Super easy process. I used the offer functionality. Seller and I went round couple times and we agreed on a price. Paid REA price + $15 shipping via Zelle. Happy with process and think this could be a really valuable resource for both buyers and sellers.

Nice

REA Market
 

Yes Some prices are somewhat high but I did wind up purchasing a nice card at a decent price

Cool

Another venue to buy our cards from, the more the merrier. And, as said, you can always make an offer of the price is above your threshold.

Here is an REA win, not from the new sales venue, but still.....

That's a great postcard Leon.
Never saw it before.

Thank you! REA was fast to respond to my questions and contacted me the same day - Thanks Tyler! strong ending prices on Sunday too!

Jimmy

Sent a bunch of pieces in, got there on Friday, and posted to their site over the weekend.

Just had my first piece sell on Monday morning. Looking forward to getting paid!

Edited to add: Link to the piece that just sold, since inquiring minds need to know: https://bid.collectrea.com/marketplace/741

And apparently they do electronic payments now. My first time printing a check and then depositing it electronically. What could go wrong!?

Sent the following in today

We will see

https://uploads.tapatalk-cdn.com/202...110493c8ba.jpg

N162 Beecher
 

18 cards in one lot? Great card but that seems like a cool collection with limited buyers.

If anyone wants to break it up, I would buy ONE.

Paul

Nice stuff good luck

thank you!

My stuff has been listed
https://bid.collectrea.com/marketpla..._Number%3Adesc

I contacted them today. If a card does not sell after a month and you want to get it back, there is a $5.00 fee plus shipping back to you or just the $5.00 if you pick it up. I am not sure if that is a $5.00 per month fee or a one time fee.
And as of right now, it is a 5% fee.
Bob

Pretty sure it’s just a shipping fee if you want your stuff back.

From my email:

Hi Robert,

Thank you for reaching out to REA regarding your potential Marketplace submission. I am the consignment coordinator with REA and yes you would be able to drop off cards for our Marketplace. A couple requirements for our Marketplace is that all items need to be graded/ authenticated, listed for a minimum of 30 days, and have a minimum value of $100. After 30 days if an item does not sell and you would like it back, it would be $5 per lot plus any shipping costs to receive it back. In your scenario, if you were to come pick them up, it would be just $5 since we would not be shipping it back. In terms of what price items are listed at, you would decide what your items listed at. The rate for our Marketplace is 5% for the rest of 2025, for example if you had an item listed at $1,000 and it sold you would net $950. If you have any other questions please let me know.

Best Regards,

Tyler Arnold

$5 is a one time fee

So basically they hold your cards hostage forever unless you pay them. No thanks

How does that equal hostage? Lol

How does it not, if you have to pay them to get your item back?

Great to see you posting again. Welcome back.

I agree. They should provide the scans, the write up, the marketplace, the pool of buyers, and the risk of sale for free.

They take a cut of the sales don't they?

Yes, although if you ask for your items back, then they obviously didn't sell.

Really a question of whether there should be a handling fee associated with the work that REA is doing to list your items and maintain the platform for stuff that doesn't sell, or whether REA should just eat those costs.

Or better yet, they could always shift those costs by bumping up the fee that they charge on items that do sell to cover any cost of their work on items that don't sell. Although consignors who are actually selling stuff through the marketplace would probably feel like they shouldn't be subsidizing the freeloaders whose stuff isn't selling.

I think the whole purpose of the $5 fee is just to keep people from sending in lots of stuff, asking for the moon for it and then turning around and pulling it right back out when it doesn't sell. In that case, REA has real costs to provide that service, but little or no opportunity to get paid for it.

That's certainly a fair assessment. Right now are they letting anyone put anything up for any price, or do they have some restrictions? (I see that it has to be graded cards)

Besides graded, the minimum value is $100.00 and must be on a minimum of 30 days.

My understanding is that they reserve the right to decline stuff that is massively overpriced. At least, that's what they told me when I called to chat with them about adding some of my stuff to the marketplace.

Although that's always going to be a judgment call, and it's not clear to me how aggressively they've applied that screen so far.

Some might argue that some of the existing items are generously priced (including some of my stuff that is currently on the marketplace), but certainly not all of them.

I suspect they were just wanting to avoid complete and utter nonsense that would make the whole enterprise look like a waste of time, like someone asking $500k for an 87T McGwire in PSA 8 or something.

Thanks Bob. I suppose that cuts down on the junk submissions.

So the $5 charge is just a listing fee if the item doesn't sell and you decide to get it back from them. Seems reasonable to cover their expenses for listing it. Does eBay still have a listing fee? I haven't sold anything there in a long time.

I've noticed most items appear to me to be overpriced. A few of them I swear were on eBay very recently for lower (but still too high) prices and seem to have been moved over...

Hi Bill, thank you for the kind message

No doubt, there's always the risk of becoming the new and improved eBay museum.

I suspect REA would prefer to avoid that whenever possible, but to some extent it might be challenging to completely avoid it, simply because the format lends itself to sellers asking for generous prices, and buyers not feeling any urgency to pay those prices without some trigger, like an auction that is ending next week that would force them to actually decide how much they are willing to pay, or else risk losing the item to some other buyer.

If the listed price seems high to an interested party, simply make an offer.

That option is available. I currently have items listed on the Marketplace and have sold a couple as well having accepted the buyers lower offer.

That Simmons is gorgeous.

That was my first impression as well. $5?! Seems very inexpensive.

My 12 cards have been up for about 24 hours

Sold one

Offers coming in for others

Cannot complain

I don't see details for listing on the website. They may be there but I can't find them.

From what I gather it is:

• free to list but must list for at least 30 days
• $5 plus postage per item if you want an item back after 30 days
• the price listed is the price that is paid by the buyer (no buyer's premium)
• offers can be made
• consignor gets 95% of the sale price
• some restrictions on what can be listed (must be graded, not unreasonably priced*, minimum price is $100).

* to be determined by REA and the consignor

Is that correct?

Dear REA reps

please add a option to filter out "sold" items and the ability to "watch" items.

molenick - You are correct. I could not find anything on the web site either. So I emailed them and got the response I got in post # 43 which confirms everything that you mentioned except the part about being reasonably priced. I did not see anything about that.
Bob

Thanks. I must have picked up the "reasonably priced" part from someone else's post...or maybe I just made it up.

Probably my post. And it’s probably less about being reasonably priced and more about not being grossly unreasonably priced. But you might argue there’s not a lot of daylight there.

I should also add that I’m pretty sure the 5% selling cost is promotional for 2025, and could rise in the future.

Copy and pasted directly from my REA consignor agreement

Consignor shall be responsible for setting reasonable prices on all consigned material listed on the Marketplace, and REA, at its sole discretion and in any manner that it sees fit, shall have the right to decline, pause, or otherwise delay any material deemed to be priced at a level unreasonably above market value. REA may, at its sole discretion and for any reason, choose not to offer part or all of the consigned
material at any time prior to or during the course of the Marketplace listing. All items are subject to a minimum listing period of thirty (30)
days. REA shall endeavor to list and make available all consigned material within three (3) business days of receipt. Consignor is responsible
for timely approval of Marketplace listings, and REA shall not be liable for any delays in Consignor approval. Any item requested to be
removed from the Marketplace prior to the expiration of thirty (30) days shall be subject to a 10% processing fee calculated off the highest
asking price for the consigned item. This fee shall be capped at five thousand dollars ($5,000). Any item requested to be returned to
Consignor after the expiration of thirty (30) days shall be subject to a processing fee of five dollars ($5) per item plus applicable shipping and
insurance.

Thanks for posting that Don!

There you go. I guess the prohibition on crazy prices is right there in the consignor agreement.

Naturally, the precise execution of the pricing rubric will be more art than science.

REA Marketplace Open
 

Another key detail I would like to point out

Before REA sent me my agreement to sign, I had to provide a spreadsheet of material and initial listing prices.

That spreadsheet was added to my agreement.

That spreadsheet determined level of insurance coverage on their end.

So, in a way REA is pre-screening material before they even offer you a consignor agreement.

I like this concept very much.

Not sure I follow what you mean by "insurance coverage on both ends" - particularly the "both" part. I read the agreement to suggest that REA has insurance coverage while they're holding our stuff. But not sure where the insurance coverage for the other end comes in.

Yeah, poorly worded on my end. Will adjust my statement

No worries!

Appreciate all your insights.